Tulsa Mortgages

2nd Mortgages & Home Equity Lines of Credit

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2nd Mortgages & Home Equity Lines of Credit

A Home Equity Loan is a great way to access some of the equity you have in your home without modifying the existing mortgage.  So if you currently have a great rate or don’t want to go through the expense and effort of a complete refinance, you can still cash out some of your homes equity.  This cash can be used for a swimming pool, to remodel your kitchen, replace windows, and whatever else you can think of.

When advantageous, a 2nd Mortgage is used in conjunction with a first mortgage to purchase a home.  This is sometimes referred to as a Piggy Back Loan.  This loan type can be a great financial tool to avoid Mortgage Insurance and other equity-based triggers.

To obtain a financial report for  you particular situation contact us.

Learn about Piggyback mortgages here.

 

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